Author: Imali-admin

Repo rate remains unchanged at 6.75%

The Reserve Bank on Thursday kept the repo rate unchanged at 6.75% per annum, Reserve Bank Governor Lesetja Kganyago said. “The Monetary Policy Committee (MPC) has decided that it would be prudent to maintain the current stance of monetary policy at this stage. Accordingly, the repurchase rate remains unchanged at 6.75% per annum,” he said. The decision made by the six members of the committee was unanimous. Nedbank economists had predicted that the bank would keep the repo rate unchanged owing to policy and political uncertainty in the country and their likely impact on the currency. The governor said...

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Where to find BLACKFRIDAY deals

First rule of Black Friday is there are no RULES Sale frenzy Black Friday will once again take place in South Africa and will be bigger than ever. The idea of a sale before Christmas, which originates in United States, will see local supermarkets, tech stores and clothing retailers give up to 80 percent off goods. Some of the Black Friday trends that have emerged in 2017 include more online sales rather than actual physical items going on sale as stores look to fend off the shopper madness. Find out what our best Black Friday find is at the...

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File your tax return ahead of Friday’s deadline

The South African Revenue Service (SARS) on Wednesday reminded taxpayers of Friday’s deadline for non-provisional taxpayers. “Taxpayers can file at their nearest branch during normal office hours until this Friday, 24 November at 4pm or file electronically via eFiling, in which case, taxpayers have until midnight.  SARS branches will not be operating on Saturdays after 24 November,” said the revenue service. The revenue service added that while late submissions will be accepted and processed, these may attract penalties which range between R250 and R16 000. Tax season opened on 1 July. Taxpayers can request a Statement of Account via SARS...

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Green barcoded ID book remains a legal form of identification

The Department of Home Affairs has released a statement following rumours that the ‘lifespan of a green barcoded ID comes to an end next year March 31’. An official from the department Thabo Mokgola confirmed that such news is false and misleading. Home Affairs has taken note of a message purported to be from the department announcing that the lifespan of the green barcoded ID book comes to an end of March 2018. Mokgola said: “No such announcement has been made by the department. We wish to make it clear that the green barcoded ID book remains a legal form...

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Post Office finally gets the nod to prove grants scheme capacity

The South African Post Office has finally been given first rights to provide core functions and services in a new hybrid social grant scheme system, provided it is cost effective, Parliament has heard. The Post Office and the South African Social Security Agency have been locked in a months-long deadlock over the details of a proposed deal to assist with the new scheme. Sassa required four key services from a new service provider before the April 1, 2018 deadline, but was only willing to offer the Post Office the chance to build an IT system for the scheme. This led...

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